SELECTED PROBLEMS OF WELFARE AND PRODUCTION IN THE NATIONAL ACCOUNTS

Hans J. Adler

Review of Income and Wealth, 1982, vol. 28, issue 2, 121-132

Abstract: A number of rather traditional problems relating to the estimation of the national accounts have been raised in the recent literature. This paper examines five of these problems from the point of view of a government statistician working within certain time and resource constraints. Credibility, comprehensibility, theoretical validity, cost and analytical usefulness are the criteria which should aid in deciding how to treat such matters as the extension of the boundaries of economic production, proposed changes in the categorization of both final and intermediate expenses, the treatment of “total” welfare and estimation relating to the so‐called underground economy.

Date: 1982
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